21 August 2017
visit www.avoka.com

LSE sells Tower site for £67m

02 April 2004  |  3795 views  |  0 LSE sells Tower site for £67m

London Stock Exchange has sold its Stock Exchange Tower site on Old Broad Street to European property company Hammerson for a total consideration of £67 million.

The consideration will comprise an initial instalment of £33.8 million, payable on completion - which includes a £3.4 million deposit - and an unconditional deferred payment of £33.2 million in December 2005.

In addition, the LSE could receive up to £6 million by December 2009, based on the profitability of any redevelopment.

The transaction is expected to complete in July 2004.

The LSE plans to move to its new headquarters at 10 Paternoster Square in June 2004.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Euronext to hit back at LSE with UK trading service

Euronext to hit back at LSE with UK trading service

19 March 2004  |  7869 views  |  0 comments
Wheatley quits LSE

Wheatley quits LSE

06 February 2004  |  4867 views  |  0 comments
LSE to cut issuer fees following OFT probe

LSE to cut issuer fees following OFT probe

27 November 2003  |  4731 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comvisit www.dorsum.eudownload the paper now

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
10877 views comments | 24 tweets | 23 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
9097 views 0 | 5 tweets | 1 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
8979 views comments | 19 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
8978 views comments | 21 tweets | 25 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
8749 views comments | 10 tweets | 8 linkedin